After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…
India has relaxed visa norms for China the two countries take steps to mend relations strained by the eastern Ladakh border standoff in 2020. In its latest push, India will now make entry easier for Chinese professionals visiting for short-term.According to sources cited by PTI, Chinese nationals coming to India for limited durations will no…
In a major push for India’s makhana sector, Union government approved a multi-year development programme with an outlay of Rs 476.03 crore for the six-year period from 2025-26 to 2030-31. The scheme, rolled out on Friday, aims to mordernise and expand the ecosystem. Ministry of agriculture and farmers welfare, said in an official release, that…
MUMBAI: State Bank of India has cut rates on select deposits and reduced lending benchmarks. The move follows the 25 bps reduction in policy rate. The revised rates come into effect from Dec 15. The bank has cut the rate on its 444-day deposit from 6.6% to 6.5%.SBI has cut rates on select deposits and…
Train travel could soon become even better, with passengers able to savour their favourite delicacies from popular brands, right on board!Indian Railways has begun testing a revamped on-board catering model on selected trains, as the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) looks to upgrade the quality and delivery of meals served to passengers….
MUMBAI: The Rs 10,600-crore IPO for ICICI Prudential Mutual Fund was subscribed 72% on day 1 with the institutional investors portion subscribed nearly two times. The high net worth part was subscribed 37%, the retail portion 21% while the part reserved for shareholders of ICICI Bank was subscribed 44%. Through the bidding round, Prudential Corp…
In what officials are calling Haryana’s most ambitious environmental push yet, the state has collaborated with World Bank and created the ‘Haryana Clean Air Project for Sustainable Development’ with a corpus of Rs 3,600 crore to ‘significantly improve’ air quality over the next five years.The proposal includes sweeping interventions, ranging from farm-level enforcement to industrial…
Representative image (AI) In a significant acknowledgement of India’s growing economic importance to the United States, three members of the US House of Representatives have moved to roll back steep tariffs imposed by President Donald Trump on Indian imports, arguing that the measures hurt American jobs, consumers, and the broader US-India partnership.The resolution, introduced by…
MUMBAI: RBI deputy governor T Rabi Sankar on Friday said that stablecoins are inherently unstable and pose major macro-financial risks, including currency substitution, dollarisation and weakened monetary-policy transmission.Sankar’s comments come at a time when US govt’s stance is broadly supportive of dollar-denominated payment stablecoins as part of the formal financial system, distinct from lightly supervised…
Automakers saw a strong rise in factory dispatches to dealerships in November, indicating that consumer demand remained strong even after the festive season ended. Companies noted that cars, two-wheelers and three-wheelers recording strong double-digit growth as compared to the same period, a year earlier. Industry body SIAM said that the month turned out to be…
